Find Cheaper Homeowners Insurance

Home Insurance in Cortez, CO: Companies & Premiums

Home Insurance in Cortez, CO: Companies & Premiums

Home Insurance in Cortez, CO: Companies & Premiums

Cortez, Colorado Homeowners Insurance

If you are a homeowner, you will more than likely need an HO-3 policy. This type of home insurance covers the cost of your property and your physical assets inside of it. It protects you from serious accidents, liability, and some medical payments. 

Most home insurance policies require you to pay a deductible before they give you the rest of the insurance money. For this reason, choosing an affordable HO-3 premium is important. The average cost of homeowners insurance in Cortez is $1,075. This is on the lower end for general HO-3 insurance. However, there are even cheaper options for homeowners on a budget.

Learn more about cheaper home insurance companies down below:

  • Teachers Insurance – $1,006
  • Armed Forces – $950
  • Stillwater – $856
  • Horace Mann – $792
  • AIG – $634

List of Companies & Rates for HO-3 Coverage in Cortez, CO

CompanyAnnual Premium
Average$1075.41
Grange Insurance$423
American Reliable$430
Alliance$475
Economy Premier$518
United Fire$534
360$562
Farmers Insurance Exchange$581
Farmers$583
ANPAC$614
AIG$634
Encompass$661
ANGIC$707
Mountain Valley$738
Homesite$744
Metropolitan Property$764
Metropolitan Direct$769
American Strategic$773
Horace Mann$792
National Farmers$818
Safeco$819
QBE Insurance$843
State Farm$851
Stillwater$856
Trumbull$871
Shelter$872
IDS$893
Hartford Fire$902
Horace Mann Property$913
Twin City Fire$930
Hartford Accident$940
Armed Forces$950
Colorado Farm Bureau$951
Praetorian$960
Pharmacists Mutual$983
Teachers Insurance$1,006
SECURA Supreme$1,011
Allstate$1,036
American Family$1,061
American Security$1,112
California Casualty$1,113
SECURA$1,149
Acuity$1,167
The Cincinnati$1,168
Esurance$1,190
CENTRAL$1,250
COUNTRY Mutual$1,348
USAA$1,449
Great Northern$1,469
Liberty$1,499
National Casualty$1,538
Amica$1,540
Electric Insurance$1,544
Vigilant$1,545
LM Insurance$1,578
Foremost Grand Rapids, Michigan$1,589
United Services$1,619
Federal$1,624
Pacific$1,624
USAA General$1,676
CSAA$1,686
Garrison$1,699
Standard Guaranty$1,814
Owners Insurance$1,827
Auto-Owners$2,241

Cortez Condo Insurance

A much cheaper way to live and own a home is through a condominium or shared housing. Sharing property with others increases the likelihood of needing your insurance, however. Choosing to live in a condominium makes you eligible for HO-6 homeowners insurance. This type of insurance protects your assets inside of the condominium and any accidents as a result of your neighbors are covered.

Expect the average for an HO-6 policy to be $422.69. This goes hand-in-hand with the national average, and most condominium homeowners pay around this rate. There are quite a few cheaper options, on the other hand. 

For more budget-friendly condo insurance, take a look at some of the companies below:

List of Companies & Rates for HO-6 Coverage in Cortez, CO

CompanyAnnual Premium
Average$422.69
SECURA Supreme$86
SECURA$116
Economy Premier$161
360$173
Metropolitan Property$197
ANPAC$202
State Farm$218
ANGIC$228
United Fire$228
Metropolitan Direct$229
Colorado Farm Bureau$239
Grange Insurance$240
National Farmers$241
Mountain Valley$243
Allstate$256
California Casualty$269
Encompass$275
COUNTRY Mutual$291
Farmers Insurance Exchange$293
Trumbull$298
Hartford Fire$305
Horace Mann$305
Acuity$310
Foremost Grand Rapids, Michigan$310
Twin City Fire$317
Hartford Accident$318
Shelter$318
Farmers$342
CENTRAL$349
American Family$373
Electric Insurance$381
Safeco$405
American Strategic$444
Armed Forces$449
Great Northern$449
National Casualty$457
Auto-Owners$459
Owners Insurance$459
Vigilant$470
Teachers Insurance$474
Federal$493
Pacific$493
USAA General$544
Amica$553
CSAA$568
Liberty$602
LM Insurance$633
Stillwater$649
Homesite$672
AIG$682
American Bankers Florida$686
The Cincinnati$719
Praetorian$749
IDS$834
USAA$838
United Services$847
Pharmacists Mutual$877
Garrison$900

Cortez Renters Insurance

An HO-4 policy protects renters from any property loss or liability. It does not cover the landlord’s property. Instead, it covers the renter’s property inside the rented area. This includes furniture, the renter’s appliances, and anything else the renter owns. Renters insurance also covers medical payments in case of an accident.

The average cost of renters insurance in Cortez is $258.55. An HO-4 requires a deductible before paying the rest of the renters insurance. For this reason, a renter may choose to have a higher premium for a lower deductible. To avoid paying a high premium, the best route to take is a cheaper company with lower premiums and deductibles. This is more feasible if the renter has lower-cost property.

Pay a lower premium by opting for cheaper renters insurance companies. Take a look at them here:

List of Companies & Rates for HO-4 Coverage in Cortez, CO

CompanyAnnual Premium
Average$258.55
Economy Premier$86
360$115
ANPAC$127
National Farmers$139
ANGIC$143
California Casualty$143
State Farm$146
Farmers Insurance Exchange$155
SECURA Supreme$155
Stillwater$155
Alliance$162
Praetorian$162
Allstate$166
Colorado Farm Bureau$187
Mountain Valley$189
Grange Insurance$191
SECURA$191
Trumbull$192
Metropolitan Direct$194
Acuity$196
Hartford Fire$196
Farmers$201
Hartford Accident$203
Twin City Fire$203
Homesite$210
American Family$213
Markel American$216
Metropolitan Property$218
American Strategic$219
IDS$220
Aspen American$228
CENTRAL$229
Auto-Owners$238
Owners Insurance$238
American Modern$239
CSAA$239
Safeco$253
Century-National$254
Great Northern$254
Shelter$254
Foremost Grand Rapids, Michigan$255
United Fire$255
Electric Insurance$263
Vigilant$264
Amica$272
Federal$276
Pacific$276
Horace Mann$278
First American$281
Teachers Insurance$281
COUNTRY Mutual$293
National Casualty$299
American Bankers Florida$300
Encompass$357
USAA General$371
Garrison$385
USAA$385
American Family Home$417
United Services$418
Pharmacists Mutual$444
Liberty$460
LM Insurance$483
AIG$701
The Cincinnati$814

Census

Cortez, Colorado is a tiny urban city, but about 5% of the population lives in the rural parts. Only 8,709 people live in the small area, so it is a good place for homeowners that enjoy very small towns. The average household only earns $42,135 per year, but the median price of rent is only $817. The cost of living is very manageable in Cortez, so it is an excellent place to live for lower-income homeowners.

Source: These numbers were taken directly from https://www.colorado.gov/dora/division-insurance. They were recorded accurately at the time of writing the article. However, all statistics and prices are subject to change over time. For that reason, please visit the website for the most up-to-date information on the statistics of Cortez, Colorado. 

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